Before the digital ink even dried from my previous US dollar posting, we just hit a double top this morning to within .003 of a point. Now we have to wait and see if this is a bullish H&S or a bearish one. I still have 3 degrees left but we may be close to a wave 4 type of correction. I may also be jumping the gun here, as just a small spike has developed. This entire bullish phase has been running since the January 10th bottom with the February low being the secondary bottom as a higher low. I believe the US dollar is in a much bigger bull market than most of us expect, but where we are in this bull market is always the task at hand. The US dollar turned very bullish in 2008 and since then has been in a 5 wave run in Primary degree.
The Euro took a hit, as well as the other 5 in the USD basket!